From Investing.com: 2025-05-13 06:12:00

Asian stock markets mostly rose after US stocks rallied on hopes of a US-China trade truce. Japanese stocks led the way with a 13-day winning streak, while markets in Australia and Taiwan also gained. US futures dipped after strong gains. The US and China announced a reduction in tariffs, with the US slashing duties to 30% and China dropping levies to 10%. European stocks remained positive, with the Stoxx 600 index rising 0.2%. Currency movements saw the yuan at a six-month high, while the dollar dipped against the euro and yen. UK jobs data showed slower wage growth and a decline in payroll numbers. The DAX technical chart shows mixed signals, with a potential deeper pullback but a golden cross pattern indicating further upside. President Trump’s visit to Saudi Arabia may influence market sentiment.

Source: LSEG, FinancialJuice, TradingView.com, MarketPulse.



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